ECM Real Estate Investments A.G. is real estate developer

Real estate development

Real estate development, or Property Development, is a multifaceted business, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of improved land or parcels to others...

 based in Luxembourg

Luxembourg

Luxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...

 and active mostly in Czech Republic

Czech Republic

The Czech Republic is a landlocked country in Central Europe. The country is bordered by Poland to the northeast, Slovakia to the east, Austria to the south, and Germany to the west and northwest....

. Michal Janků is founder, CEO and through ECM Group N.V. largest shareholder (77%) of the company. In 2006 company went on IPO on Prague Stock Exchange

Prague Stock Exchange

The Prague Stock Exchange or PSE is the Czech Republic's main securities market and currently the second biggest stock exchange in Central and Eastern Europe...

 and became part of PX Index

PX Index

The PX Index is an index of major stocks that trade on the Prague Stock Exchange. Selected as the starting exchange day for the Index PX 50 was 5 April 1994 and its opening value was fixed at 1,000 points...

. Mainly as result of late-2000s financial crisis

Late-2000s financial crisis

The late-2000s financial crisis is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s...

 company went bankruptcy

Bankruptcy

Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....

 in May 2011 and to the liquidation since July 2011.

In past company owned also two tallest buildings in the Czech Republic - City Tower

City Tower (Prague)

City Tower is a skyscraper in Prague , the tallest one in the Czech Republic with 109 m in height.Construction started in 1985 and the building was designated as a headquarters of Československý rozhlas...

 and City Empiria. Apart of Czech Republic company has also projects in China

China

Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...

, Cyprus

Cyprus

Cyprus , officially the Republic of Cyprus , is a Eurasian island country, member of the European Union, in the Eastern Mediterranean, east of Greece, south of Turkey, west of Syria and north of Egypt. It is the third largest island in the Mediterranean Sea.The earliest known human activity on the...

, Poland

Poland

Poland , officially the Republic of Poland , is a country in Central Europe bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north...

 or Russia

Russia

Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...

.

Financial data

Financial Data in Euro Thousands

Year-end	2005	2006	2007	2008	2009	2010
Total revenue	2 136	8 315	19 339	35 793	36 851	25 874
Net income	20 710	18 955	25 564	-92 107	-60 820	-95 598
Total assets	65 000	228 407	562 966	677 924	341 690	156 209